IPFS News Link • China
U.S. exempts China, Singapore from Iran sanctions
• http://www.rawstory.com, By Agence France-PresseThe United States exempted China and Singapore from sanctions over purchases of oil from Iran hours before a deadline, saying that major economies were united in pressuring Tehran.
The United States, however, did not grant exemptions to smaller-scale importers such as Pakistan and Afghanistan, meaning that banks from those countries could face punishment if they handle transactions for Iranian oil.